PROSPECTS AND OPPORTUNITIES
An increase in active lifestyles is expected to drive innovation and sales of versatile, multi-functional bags
Across the forecast period, bags and luggage is set to record an uplift in both retail value and volume growth, driven by sales of luggage and luxury handbags. As consumers in Taiwan, especially women, increasingly participate in sports and outdoor activities, this will continue to be a growth driver for bags.
Smart luggage is set to revolutionise the travel experience across the forecast period
The future of the bag and luggage industry will witness the integration of advanced technology, leading to the emergence of smart luggage. Smart luggage will feature built-in GPS tracking, digital locks, weight sensors, USB charging ports, and smartphone connectivity.
Retail e-commerce and trade fairs are set to gain ground, providing opportunities for local players
Across the forecast period, consumers in Taiwan are expected to continue shifting towards large shopping malls and retail parks that offer a comprehensive shopping experience, including dining, leisure, and entertainment. This trend poses a growing challenge to independent travel goods and luggage specialists.
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Overview:
Understand the latest market trends and future growth opportunities for the Bags and Luggage industry in Taiwan with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Bags and Luggage industry in Taiwan, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Bags and Luggage in Taiwan report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Bags and Luggage in Taiwan?
- Which are the leading brands in Bags and Luggage in Taiwan?
- How significant is tourism in determining sales and demand for Bags and Luggage in Taiwan?
- How are COVID-19 and global recession impacting demand for Bags and Luggage in Taiwan?
- In the wake of COVID-19, how soon can Bags and Luggage be expected to recover? Where are the opportunities for growth now?
- Where is future growth expected to be most significant?
Bags and Luggage in Taiwan - Category analysis
KEY DATA FINDINGS
A rise in outbound trips boosts sales of luggage, while innovation focuses on capacity and design
Brands focus on sustainability, including the use of recycled materials and waste reduction
Bags and luggage specialist stores lead distribution, offering a wide variety of local and international brands
An increase in active lifestyles is expected to drive innovation and sales of versatile, multi-functional bags
Smart luggage is set to revolutionise the travel experience across the forecast period
Retail e-commerce and trade fairs are set to gain ground, providing opportunities for local players
Personal Accessories in Taiwan - Industry Overview
Personal accessories in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for personal accessories?
DISCLAIMER
The following categories and subcategories are included:
Bags and Luggage
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- Backpacks
- Business Bags
- Crossbody Bags
- Duffel Bags
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- Non-Luxury Handbags
- Luxury Handbags
- Wallet and Coin Pouches
- Other Small Bags
- Luggage
Bags and Luggage
Bags and Luggage includes bags and cases which serve common everyday purposes or specific functions during travel, sports, or formal occasions. However, all sports equipment bags (e.g. golf, tennis, and bowling), insulated food and beverage bags, and musical instrument cases are excluded.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Bags and Luggage research and analysis database.
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